Funding round
PsiQuantum Series A
PsiQuantum, which works in fault-tolerant quantum computing system deployment in Palo Alto, raised $14M in a Series A round announced on 1 Jun 2016, led by Playground. 1 firm took part. It is PsiQuantum's first venture round on record.
$14M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
PsiQuantum did not disclose a valuation in this round. It is PsiQuantum's first venture round on record, in the year it was founded (2016). It is under 1% of the $2.35B PsiQuantum has raised in the venture rounds on record. PsiQuantum raised again 15 months later: a Series B round of $50M in Sep 2017. Its next priced round, a Series D in Jul 2021, valued it at $3.15B.
PsiQuantum's funding rounds
PsiQuantum has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Series A this round 1 Jun 2016, led by Playground $14M
- Series B 1 Sep 2017, led by Founders Fund $50M
- Series C 1 Nov 2019, led by M12 $230M
- Series D 27 Jul 2021, led by BlackRock $450M$3.15B post-money
- Growth 1 Apr 2024, led by QIC $610M
- Other not a venture round 30 May 2025, led by BlackRock $22M
- Series E 1 Sep 2025, led by BlackRock, Temasek and Baillie Gifford $1.00B$7.00B post-money
- Grant not a venture round 27 Jul 2026 $125M
Investors
Who put money in
Playground led the round.
Lead investor
- backs 51 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time: Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 30 Jun 2016 | $61M | not disclosed | Swiss Re |
| Celonis Tech Companies | 8 Jun 2016 | $28M | not disclosed | Accel and 83North |
| Pharmaceutical Products | 22 Jun 2016 | $27M | not disclosed | Atlas Venture and Abingworth |
| Software Development Services | 14 Jun 2016 | $25M | not disclosed | OMERS Ventures |
| Video Games - Development & Publishing | 10 Jun 2016 | $23M | not disclosed | Hengxin Mobile Business Co., Ltd. |
| Tech Companies | 28 Jun 2016 | $20M | not disclosed | not named |
| Tech Companies | 2 Jun 2016 | $20M | not disclosed | Fosun Kinzon Capital |
| Toys & Games Stores | 2 Jun 2016 | $19M | not disclosed | Upfront Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did PsiQuantum raise in its Series A round?
PsiQuantum raised $14M in its Series A round, announced in Jun 2016.
Who led PsiQuantum's Series A round?
Playground led it.
What was PsiQuantum's valuation at the Series A round?
It was not disclosed.
Did PsiQuantum raise again after this round?
Yes: a Series B round in Sep 2017 of $50M.